Provide an Appropriate Response A) B) C) D)

question 27

Multiple Choice

Provide an appropriate response.
-Fill in the missing entries in the following partially completed one-way ANOVA table. $\begin{array}{|l|c|c|c|c|}\hline \text { Source } & \text { df } & \text { SS } & \text { MS=SS/df } & \text { F-statistic } \\\hline \text { Treatment } & & 25.2 & & \\\hline \text { Error } & 24 & & 3.5 & \\\hline \text { Total } & 28 & & & \\\hline\end{array}$

• A)
• \(\begin{array}{|l|c|c|c|c|}
• \hline \text { Source } & \text { df } & \text { SS } & \text { MS=SS/df } & \text { F-statistic } \\
• \hline \text { Treatment } & 4 & 25.2 & 6.30 & 1.80 \\
• \hline \text { Error } & 24 & 84.0 & 3.5 & \\
• \hline \text { Total } & 28 & 25.35 & & \\
• \hline
• \end{array}\)
• B)
• \(\begin{array}{|l|c|c|c|c|}
• \hline \text { Source } & \text { df } & \text { SS } & \text { MS=SS/df } & \text { F-statistic } \\
• \hline \text { Treatment } & 4 & 25.2 & 6.30 & 0.56 \\
• \hline \text { Error } & 24 & 84.0 & 3.5 & \\
• \hline \text { Total } & 28 & 109.2 & & \\
• \hline
• \end{array}\)
• C)
• \(\begin{array}{|l|c|c|c|c|}
• \hline \text { Source } & \text { df } & \text { SS } & \text { MS=SS/df } & \text { F-statistic } \\
• \hline \text { Treatment } & 4 & 25.2 & 6.30 & 1.80 \\
• \hline \text { Error } & 24 & 84.0 & 3.5 & \\
• \hline \text { Total } & 28 & 109.2 & & \\
• \hline
• \end{array}\)
• D)
• \(\begin{array}{|l|c|c|c|c|}
• \hline \text { Source } & \text { df } & \text { SS } & \text { MS=SS/df } & \text { F-statistic } \\
• \hline \text { Treatment } & 52 & 25.2 & 0.48 & 374.40 \\
• \hline \text { Error } & 24 & 84.0 & 3.5 & \\
• \hline \text { Total } & 28 & 109.2 & & \\
• \hline
• \end{array}\)

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Definitions:

Socially Efficient

A condition where resources are allocated in a way that benefits society as a whole and maximizes overall welfare.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced is increased by one unit; it is the cost of producing one additional unit of a product.

Quantity Of Output

The total amount of goods or services produced by a firm or economy within a specific period.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium is not achieved due to market failures or interventions.